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17 Jul 2012

Index Numbers of Wholesale Prices in India

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month June, 2012 rose by 0.2 percent to 164.2 (Provisional) from 163.9 (Provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 7.25% (Provisional) for the month of June, 2012 (over June, 2011) as compared to 7.55% (Provisional) for the previous month and 9.51% during the corresponding month of the previous year. Build up inflation in the financial year so far was 1.99% compared to a build up of 2.41 % in the corresponding period of the previous year.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.

The movement of the index for the various commodity groups is summarized below:-

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group rose by 0.1 percent to 216.4 (Provisional) from 216.1 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

The index for 'Minerals' group declined by 2.6 percent to 347.6 (Provisional) from 357.0 (Provisional) for the previous month due to lower prices of copper ore (16%), barytes (3%), crude petroleum (2%). However, the prices of magnesite (5%), manganese ore (4%), zinc concentrate (2%) and iron ore (1%) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 0.4 percent to 178.2 (Provisional) from 178.9 (Provisional) for the previous month due to lower prices of light diesel oil (7%), aviation turbine fuel and furnace oil (6% each) and naphtha (4%). However, the prices of petrol (7%) moved up.

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.3 percent to 144.8 (Provisional) from 144.3 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

The index for 'Beverages, Tobacco & Tobacco Products' group rose by 0.7 percent to 171.2 (Provisional) from 170.0 (Provisional) for the previous month due to higher prices of dried tobacco (3%), bidi (2%) and chewing tobacco (scented or not ) (1%).

The index for 'Textiles' group rose by 0.7 percent to 130.1 (Provisional) from 129.2 (Provisional) for the previous month due to higher prices of jute yarn (3%) and man made fabric, jute sacking bag, man made fibre and cotton yarn (1% each). However, the prices of gunny and hessian cloth (1%) declined.

The index for 'Paper & Paper Products' group rose by 0.2 percent to 134.4 (Provisional) from 134.1 (Provisional) for the previous month due to higher prices of newsprint (2%). However, the prices of computer stationery (1%) declined.

The index for 'Leather & Leather Products' group rose by 0.4 percent to 133.1 (Provisional) from 132.6 (Provisional) for the previous month due to higher prices of leather footwear (1%).

The index for 'Rubber & Plastic Products' group rose by 0.3 percent to 135.8 (Provisional) from 135.4 (Provisional) for the previous month due to higher prices of plastic/pvc pipes(3%) and polyester film (2%).

The index for 'Non-Metallic Mineral Products' group declined by 0.2 percent to 159.9 (Provisional) from 160.2 (Provisional) for the previous month due to lower prices of railway sleeper, white cement and grey cement (1%). However, the prices of glass bottles & bottleware and asbestos corrugated sheet (2% each) and bricks & tiles and slag cement (1% each) moved up.

The index for 'Transport, Equipment & Parts' group rose by 0.6 percent to 127.8 (Provisional) from 127.1 (Provisional) for the previous month due to higher prices of motor vehicles, parts of ships/boats etc. and auto parts (1% each). However, the prices of tractors (1%) declined.

FINAL INDEX FOR THE MONTH OF APRIL , 2012 (BASE YEAR: 2004-05=100)

For the month of April, 2012 the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 163.5 as compared to 163.1 (Provisional) and annual rate of inflation based on final index stood at 7.50 percent as compared to 7.23 percent (Provisional) reported on 14.05.2012.